4 ms·
Fairly certain endowments arent just bank accounts without stipulations. 1m for athletics, 1m for research, 1m for infectious diseases, etc. Not 40b to do whate
by jamisteven 6y ago
Fairly certain endowments arent just bank accounts without stipulations. 1m for athletics, 1m for research, 1m for infectious diseases, etc. Not 40b to do whatever you want, there are strict rules on how these funds can be used and what they can be used for. That said, I dont agree with them getting financial assistance from the government.
Yea, goes into this further down the article:
"a Harvard spokesman emailed a list of bullet points about restrictions on endowment spending. The short version: The endowment is made up of more than 13,000 separate funds. The “overwhelming majority” of those are restricted to spending designated by donors, like professorships and scholarships"